The trend estimate of the balance on goods and services was a surplus of $2,368m in September 2010, an increase of $30m on the revised surplus in August 2010.

In seasonally adjusted terms, the balance on goods and services was a surplus of $1,760m in September 2010, a decrease of $686m on the revised surplus in August 2010.

The sum of seasonally adjusted balances for the three months to September 2010 was a surplus of $5,910m, a decrease of $806m on the surplus of $6,716m for the three months to June 2010. However, if the seasonal factors used in compiling quarterly Balance of Payments are applied, the September quarter 2010 surplus was $5,773m, a decrease of $797m on the revised June quarter 2010 surplus of $6,570m.

EXPORTS OF GOODS AND SERVICES

Between August 2010 and September 2010 the trend estimate of goods and services credits fell $79m to $24,942m.

Preliminary analysis shows that, in seasonally adjusted terms, goods imports volumes decreased about 1.3% during the September quarter 2010 and the implicit price deflator rose 0.5%. In original terms, the Chain Laspeyres price index rose about 0.8% while the implicit price deflator rose 0.5%. The final volume and price outcomes will be published in the September quarter 2010 issue of Balance of Payments and International Investment Position, Australia (5302.0).

Imports of goods

GOODS DEBITS

CONSUMPTION GOODS

In trend terms, imports of consumption goods rose $14m to $5,543m.

In seasonally adjusted terms, imports of consumption goods fell $1m to $5,502m with no significant movement in any component.